LAS VEGAS – Taxpayers have until midnight on Tuesday, April 18th to file their tax returns. Filers can choose to submit their returns electronically, through the mail, or by using a tax service. To assist with filing, Janelle King, the district manager and COO with Jackson Hewitt, shared some tips.
King advises that people bring all necessary documentation, such as W-2s, last year’s returns, and personal identification items like a Social Security card. It is also important to be accurate and organized when submitting these documents.
This year, there have been some changes to tax credits. The Child Tax Credit, which provided $3,600 for children under six years old and $3,000 for those between six and 17, has been discontinued. The figure has returned to $2,000 per dependent under 16 years old, with the amount varying depending on income.
King also highlighted the increase in people with side gigs, especially in the rideshare industry. She recommends keeping all receipts for mileage and maintenance, as well as checking each company’s policies.
Jackson Hewitt offers a basic package for filing starting at $65, and rates to file an extension start at $99. However, filers can also visit the IRS website for free filing and extension options. Extensions will provide an extra six months to file, with the new deadline being October 16th, 2023.
King cautions that although extensions offer additional time, they do not waive fees. Filing an extension may result in penalties, including paying interest on what is owed and delaying refunds.
King reminds filers to avoid scams, which tend to increase during this time of year. The IRS will only contact taxpayers via mail and will never call or email them.
Overall, King advises that whether filing taxes or an extension, it is important to take action by April 18th.
Credits: 8 News Now
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